UK car sector calls for more government help to handle Covid-19 hit | Malay Mail

Tuesday, 23 Jun 2020 02:19 PM MYT

LONDON, June 23 — Britain’s car industry called on the government to introduce additional measures such as a sales tax cut to boost the sector as a third of automotive workers remain furloughed due to the coronavirus outbreak. Car and van volumes are expected to fall by a third to 920,000 units this year and up to one in six jobs are at risk, the Society of Motor Manufacturers and Traders industry body said.

The sector, Britain’s biggest exporter of goods, is also worried that trading terms with the European Union could worsen after a Brexit transition period finishes at the end of 2020.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Covid-19: US businesses in Malaysia adjusting, seizing opportunities | Malay MailKUALA LUMPUR, June 22 — United States-based companies in Malaysia have resumed operations and are adjusting to the— with a focus on mitigating the risks that emerged while driving efficiency and productivity. Chief Executive Officer (CEO) of the American Malaysian Chamber of Commerce (AMCHAM),...
Source: malaymail - 🏆 1. / 86 Read more »

Ringgit opens lower as US dollar climbs amid Covid-19 fears | Malay MailKUALA LUMPUR, June 22 — —The ringgit opened lower on Monday as fears over Covid-19 infection boosted the US dollar’s safe-haven appeal. At 9.05am, the ringgit was quoted at 4.2750/2810 compared with 4.2670/2730 at Friday’s close. AxiCorp global chief market strategist Stephen Innes said...
Source: malaymail - 🏆 1. / 86 Read more »